Roku Stock Is Surging Today: What's Going On?
Portfolio Pulse from Adam Eckert
Roku Inc's shares are trading higher after the company reported strong Q3 results, beating consensus estimates with a revenue of $912.02 million, up 20% YoY. The company also reported a quarterly loss of $2.33 per share and an adjusted EBITDA of $43 million. Roku's active accounts increased by 2.3 million to 75.8 million. The company expects Q4 net revenue of approximately $955 million. Following the results, Pivotal Research upgraded Roku from Sell to Hold and raised the price target from $58 to $75.

November 02, 2023 | 1:00 pm
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Roku's strong Q3 results and positive analyst coverage have led to an increase in its stock price.
Roku's Q3 results exceeded expectations, leading to an upgrade from Pivotal Research and a rise in its stock price. The company's positive outlook for Q4 could further support its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100